Lt. Staplic wrote:
So when the Government prints more money they're not actually creating more value, but just dividing the existent value between more money. This is reflected in rising prices, it's why things cost $5 now that used to cost $.5. So if the Government minted two trillion dollars and started paying people with them the purchasing power of a dollar would go to shit so the $100,000 you have saved up for your kids college education now barely pays for day's groceries.
We call that inflation
ya, but it doesn't do much good to say "When the Government prints more money it's inflation" when I'm trying to explain it
In the beginning the Universe was created. This has made a lot of people very angry and been widely regarded as a bad move.
It's also deceptively over-simplistic. It's a cause of inflation, not the cause of inflation. In Germany in the years after WWI, it took a wheelbarrow full of deutschemarks to buy a loaf of bread. This isn't entirely due to Germany's minting policies at the time. In the same way, to explain inflation in a simple sentence would be just to say that devaluation of currency leads to inflation. That devaluation, however, can be due to myriad different causes. Even simple economic success, booms or even just a steadily bullish market, will engender inflation simply by the fact of a greater amount of available disposable income (at least, until the same rate of inflation catches up to COL.)
I can't stand nothing dull
I got the high gloss luster
I'll massacre your ass as fast
as Bull offed Custer
Believe it or not, that had nothing whatsoever to do with drugs, only a sincere desire to get off of the current topic.
There is only one way of avoiding the war – that is the overthrow of this society. However, as we are too weak for this task, the war is inevitable. -L. Trotsky, 1939